The Greek stock exchange opened after a five-week hiatus on Monday and, as expected, the results weren’t pretty.
Banking stocks were the worst-hit in Athens with several stocks hitting their maximum daily declines, called a “limit down.”
Despite the heavy selling, the reopening of the index was seen as positive for the debt-stricken country as it continues to negotiate with international creditors on its third bailout.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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